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USD drops in a number of pairs as Biden addresses Congress

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In his first speech to Congress, US President Biden talked about the $4 trillion spending plans and unveiled a sweeping $1.8 trillion package for families and education. He also talked about this success as a president and noted that he has ‘restored faith’ in democracy after 100 days as a president. However, Biden’s decisions face huge opposition from the Republicans who say that he is spending too much.

In parallel to the speech of the American president, the US dollar is dropping in a number of pairs. At the time of writing, the US dollar index is down about 0.34%, standing at just 90.60. The US dollar index measures the currency against a basket of major currencies and shows its performance.

The Federal Reserve on Wednesday discussed the situation of the country in terms of the economic recovery and the war against the Covid-19 pandemic and noted that it is still too early to roll back its emergency support with so many workers still being jobless due to the pandemic.

Forex traders are advised to closely follow different types of Forex trading indicators before making any trading decisions.

Fed’s statement

The chair of Fed, Jerome Powell start discussing the change in policy by saying that it is not time yet for the changes. He told the reporters that the US central bank left the interest rates and its bond-buying program unchanged because it is not the right time yet. He noted that the country is 8.5 million jobs below February 2020, and said that the country is still a very long way from its goals, and added that it will take some time to get to those goals.

Fed statement

As inflation is expected to increase, Powell said that the coming price increases would be of a passing nature and not present a persistent problem that would force the Fed to begin raising interest rates sooner than expected.

According to the statement of the central bank, Fed wants to keep the monetary policy loose for the near future even as it sees economic recovery gaining pace and the risks of the pandemic lowering. The Fed chair once again notes that the path of economic recovery will largely depend on the course of the virus in the country and the speed of its spread.

Vaccination in the USA

According to the Centers for Disease Control and Prevention of the US, the country has vaccinated over 142 million people with at least one vaccine. Over 98 million people have already received both doses of the Covid-19 vaccine. The country is administrating about 2.67 million doses per day on average.

At its peak, the country has vaccinated 3.38 million people on April 13. The USA is using three vaccines, Pfizer, Moderna, and Johnson and Johnson, which were previously stopped but soon continued. In total, the country has given a total of 232 Covid-19 vaccine doses, and as much as 29.5% of its population is fully vaccinated.

The numbers are very positive in the United States, especially compared to the EU. Other countries that are very successful in vaccinating their population are Israel and the United Kingdom.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.forexnewsnow.com/forex-analysis/currency/usd-drops-in-a-number-of-pairs-as-biden-addresses-congress/

Blockchain

Meet RXI, the Revolutionary Real-time Risk Intelligence Solution

RXI will change forever the way brokers measure and view their risk and KPIs.

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Volatile times are still upon us, with brokerages facing many uncertainties yet increased opportunities through the evolution of fast-changing markets.

Considering the market changes over the last year or so, forex brokers now, more than ever, need to stay ahead of their competition by advancing their resources, automation, and overall operations.

Several elements in the forex industry highlight risk management and measurement as a great challenge for every forex broker.

With the significant risks that arise through trading, risk management is of most importance for any forex broker.

Forex brokers want to make instant decisions that can be implemented and trust in a solution that works operationally, is time-saving, and a solution that eases the mind.

The solution that is implemented should support them for further growth, liquidity, filtration, and a solution that, in parallel, can also optimize profits. Forex brokers require a solution that offers simplicity in an ever-complicated role as a risk manager or dealer.

FXCubic has developed a state-of-the-art all-in-one technology solution through their research and remarkably innovative attitude based on the data reflected in the market direction.

FXCubic is proud to have developed a next-generation sophisticated solution with its challenge-accepting attitude using a complex event processing engine and reactive technology called RXI.

RXI is an intelligence solution that will ultimately change the way brokers will measure and view their risk and KPIs. RXI has been designed to provide dealers and risk managers with a global view across their entire trading operation within a single GUI.

The ground-breaking solution offers simultaneous real-time data with in-depth risk analysis and the ability to allow for instantaneous actions.

As FXCubic put it, the RXI risk intelligence solution is “intelligence made simple.”

With multiple benefits that come with having the RXI solution, we are here today to share the reasons why Forex brokers should proudly use RXI as an additional solution that will change their brokerage game in an instant.

Below are the highlighted features that RXI offers dealers and risk managers.

Multidimensional Real-Time Data

RXI analyses and reconciles risk data in real-time, providing data-driven profit opportunities for a broker, allowing a broker to take timely actions accordingly.

The RXI intelligence solution allows risk managers to increase performance and profitability through real-time alerts customized by the broker, allowing risk managers to focus on predefined vital issues and take timely actions.

RXI updates broker positions and P&L with real-time customizable information from MT4/5 platforms. This allows RXI users to use the information to assess their risk and exposure.

Multiplatform Aggregation

RXI streams multiple MT4/5 platform data into its engine, allowing brokers to combine separate trading platforms’ risk data into a single interface.

Forex brokers can gain real-time insight into what is happening across all their platforms centrally. Dealers do not have to manually reconcile and use other data tools or practices as the data is intuitively customized and aggregated according to the risk manager’s preferences.

Customizable Filteration

RXI provides clients with fully customizable filters that enable risk managers to instantaneously see the complex events’ roots.

RXI users can dynamically assess their data as RXI’s output can be filtered, while real-time pivot tables can be created instantly.

Personalized views & Alerts

RXI allows for different visual charts available for further depth and transparency in a way it has never been done before. This allows individual risk managers to focus on the data they want to see, enabling further simplicity in an ever-complicated role.

Solutions for upper management are also a big part of RXI’s offering, including real-time information on countries and destinations that generate more revenue. This is available on the RXI dashboard, allowing business partners to focus on areas where they see more opportunities.

Mobile Functionality & Push Notifications

Accessible from anywhere and at any time, RXI has been developed to highly perform on mobile devices, making RXI the ultimate intelligence solution for risk managers that need access to their data on the go. Enabling critical customized alerts to be received remotely, RXI is able to send push notifications to mobile devices.

Adaptable Solution

RXI is a standalone application that has been designed to coexist with any other technology, making this risk intelligence solution one of a kind.

RXI connects to MT4/5 servers through Manager API in seconds without any plug-in installations, making it conflict-free with other plug-ins on the server.

Optimizing Profits

RXI merges all client risks into an individual solution that allows brokers to reduce the number of inefficient hedges or trades.

Brokers can come to better conclusions through the flexible real-time data allowing actions to be taken ahead of time by implementing the risk managers’ rules and actions. These actions will increase performance, profitability, and a smooth P&L environment.

RXI provides Forex brokers a global view across their entire trading operation. The benefits of integrating RXI are innovatively phenomenal. There is no reason why Forex brokers should not opt into using FXCubic’s byproduct for further control, depth, and ease of mind.

We think that FXCubic’s risk intelligence solution will change the market’s view on intelligent risk solutions. RXI is next-generation technology, and we look forward to furthering byproducts from the FXCubic team.

To find more information or to request a free demonstration of RXI’s sophisticated new technology, click here

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/thought-leadership/meet-rxi-the-revolutionary-real-time-risk-intelligence-solution/

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Blockchain

Meet RXI, the Revolutionary Real-time Risk Intelligence Solution

RXI will change forever the way brokers measure and view their risk and KPIs.

Avatar

Published

on

Volatile times are still upon us, with brokerages facing many uncertainties yet increased opportunities through the evolution of fast-changing markets.

Considering the market changes over the last year or so, forex brokers now, more than ever, need to stay ahead of their competition by advancing their resources, automation, and overall operations.

Several elements in the forex industry highlight risk management and measurement as a great challenge for every forex broker.

With the significant risks that arise through trading, risk management is of most importance for any forex broker.

Forex brokers want to make instant decisions that can be implemented and trust in a solution that works operationally, is time-saving, and a solution that eases the mind.

The solution that is implemented should support them for further growth, liquidity, filtration, and a solution that, in parallel, can also optimize profits. Forex brokers require a solution that offers simplicity in an ever-complicated role as a risk manager or dealer.

FXCubic has developed a state-of-the-art all-in-one technology solution through their research and remarkably innovative attitude based on the data reflected in the market direction.

FXCubic is proud to have developed a next-generation sophisticated solution with its challenge-accepting attitude using a complex event processing engine and reactive technology called RXI.

RXI is an intelligence solution that will ultimately change the way brokers will measure and view their risk and KPIs. RXI has been designed to provide dealers and risk managers with a global view across their entire trading operation within a single GUI.

The ground-breaking solution offers simultaneous real-time data with in-depth risk analysis and the ability to allow for instantaneous actions.

As FXCubic put it, the RXI risk intelligence solution is “intelligence made simple.”

With multiple benefits that come with having the RXI solution, we are here today to share the reasons why Forex brokers should proudly use RXI as an additional solution that will change their brokerage game in an instant.

Below are the highlighted features that RXI offers dealers and risk managers.

Multidimensional Real-Time Data

RXI analyses and reconciles risk data in real-time, providing data-driven profit opportunities for a broker, allowing a broker to take timely actions accordingly.

The RXI intelligence solution allows risk managers to increase performance and profitability through real-time alerts customized by the broker, allowing risk managers to focus on predefined vital issues and take timely actions.

RXI updates broker positions and P&L with real-time customizable information from MT4/5 platforms. This allows RXI users to use the information to assess their risk and exposure.

Multiplatform Aggregation

RXI streams multiple MT4/5 platform data into its engine, allowing brokers to combine separate trading platforms’ risk data into a single interface.

Forex brokers can gain real-time insight into what is happening across all their platforms centrally. Dealers do not have to manually reconcile and use other data tools or practices as the data is intuitively customized and aggregated according to the risk manager’s preferences.

Customizable Filteration

RXI provides clients with fully customizable filters that enable risk managers to instantaneously see the complex events’ roots.

RXI users can dynamically assess their data as RXI’s output can be filtered, while real-time pivot tables can be created instantly.

Personalized views & Alerts

RXI allows for different visual charts available for further depth and transparency in a way it has never been done before. This allows individual risk managers to focus on the data they want to see, enabling further simplicity in an ever-complicated role.

Solutions for upper management are also a big part of RXI’s offering, including real-time information on countries and destinations that generate more revenue. This is available on the RXI dashboard, allowing business partners to focus on areas where they see more opportunities.

Mobile Functionality & Push Notifications

Accessible from anywhere and at any time, RXI has been developed to highly perform on mobile devices, making RXI the ultimate intelligence solution for risk managers that need access to their data on the go. Enabling critical customized alerts to be received remotely, RXI is able to send push notifications to mobile devices.

Adaptable Solution

RXI is a standalone application that has been designed to coexist with any other technology, making this risk intelligence solution one of a kind.

RXI connects to MT4/5 servers through Manager API in seconds without any plug-in installations, making it conflict-free with other plug-ins on the server.

Optimizing Profits

RXI merges all client risks into an individual solution that allows brokers to reduce the number of inefficient hedges or trades.

Brokers can come to better conclusions through the flexible real-time data allowing actions to be taken ahead of time by implementing the risk managers’ rules and actions. These actions will increase performance, profitability, and a smooth P&L environment.

RXI provides Forex brokers a global view across their entire trading operation. The benefits of integrating RXI are innovatively phenomenal. There is no reason why Forex brokers should not opt into using FXCubic’s byproduct for further control, depth, and ease of mind.

We think that FXCubic’s risk intelligence solution will change the market’s view on intelligent risk solutions. RXI is next-generation technology, and we look forward to furthering byproducts from the FXCubic team.

To find more information or to request a free demonstration of RXI’s sophisticated new technology, click here

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/thought-leadership/meet-rxi-the-revolutionary-real-time-risk-intelligence-solution/

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Moneta Markets Introduces PAMM Accounts

The company has introduced a next-generation PAMM platform to facilitate its clients.

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Moneta Markets, a multi-asset brokerage, has launched fully integrated PAMM accounts to facilitate money managers and traders. The newly introduced PAMM services will allow money managers to open an account and trade various financial products including FX pairs, commodities, cryptos and CFDs.

According to the official press release shared with Finance Magnates, the PAMM platform is the latest addition to the company’s existing list of programs for partners including Affiliate, Hybrid and Introducing broker partnership programs.

Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!

Moneta Markets highlighted the growing popularity of PAMM platforms and mentioned that PAMM services are contributing as significant volume generators for retail brokers around the world. Moneta Markets aims to evolve its offering based on the feedback from its clients and partners.

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NetShop ISP Announce Their Attendance to the iFX EXPO in DubaiGo to article >>

Commenting on the recent launch, David Bily, Founder of Moneta Markets, said: “By partnering with the leaders in financial services technology, Brokeree, Panda, as well as our network of Money Managers, we have been working tirelessly to perfect our PAMM platform to deliver the most efficient and secure solution in the industry for PAMM Managers and their investors alike. Our platform allows Money Managers to instantly onboard their investors, and with the ability to create an unlimited number of investor accounts, it’s completely scalable with their business.”

Expansion

Moneta Markets has expanded its services during the last few months. In April 2021, the broker announced the launch of its next generation of Praxis Cashier module and mentioned that it has improved its deposit and withdrawal process since the launch of Praxis Cashier. With the launch of the latest PAMM accounts, Moneta Markets aims to facilitate money managers and clients with a fully transparent solution.

“Transparency is also paramount for us. Our custom platform offers separate and intuitive dashboards for both Managers and their Investors, and offers in-depth trade reporting and statistics,” Bily added.

Earlier this year, Moneta Markets expanded its offering with the launch of true ECN accounts for MT4 and MT5 platforms.

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Source: https://www.financemagnates.com/forex/brokers/moneta-markets-introduces-pamm-accounts/

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NetShop ISP Announce Their Attendance to the iFX EXPO in Dubai

NetShop is delighted to present their range of services to some of the world’s biggest industry leaders.

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NetShop Internet Services Ltd have announced their attendance at this year’s iFX EXPO, the first ever in Dubai, on the 19th and 20th of May 2021.

NetShop is delighted to present their range of services to some of the world’s biggest industry leaders at the largest B2B Fintech and online trading conference later this month.

This year’s exhibition will take place at the 5 star Grand Hyatt Hotel in Dubai, where top-level executives from all over the world will have the opportunity to connect.

After a year of virtual events due to restrictions, NetShop’s CEO, Stefano Sordini has said “We really missed attending physical events in 2020.

After our exhibition and presence at several virtual events in the last 12 months, we are excited for our upcoming tour in Dubai to meet existing customers and partners, as well as for the opportunity to present our successful Forex infrastructure solutions to our industry peers.”

The NetShop ISP team is keen to present its Forex VPS solution to Brokers, as well as its bespoke infrastructure services for liquidity providers, CRM & Software development agencies and Payment institutions.

They will be represented at the iFX EXPO by their Head of Sales, Katerina Burtsava and Product Specialist, Kateryna Nechaieva, both of whom have been highly involved in the Forex Industry for some time, working closely with Forex brokers and CRM development agencies.

The Cyprus-based Web Hosting Provider has been heavily involved in the Financial Industry since their launch in 2004 and have greatly invested in their state-of-the-art privately-owned infrastructure in 7 global locations; Cyprus, Malta, Los Angeles, the United Kingdom, Singapore, Hong Kong and the Netherlands.

NetShop was amongst very few hosting providers to offer Virtual servers purely for Forex trading purposes when they first introduced the Forex VPS solution in 2010.

A decade later, the multiple award-winning Hosting Provider has announced the launch of its new Forex VPS service, the result of extensive research and development. It includes a powerful API for seamless white-label integration with any Forex Broker’s CRM, amongst other features.

Brokers can easily integrate NetShop’s word-class Forex VPS product with PHP, Java or Python and the API can be used to tailor functionalities to meet any Broker’s bespoke requirements.

Benefits of NetShop’s Forex VPS:

NetShop ISP’s new Forex VPS solution caters to Traders and Brokers. Some of the benefits of Forex VPS with NetShop are:

  • Rapid trade execution as fast as 1 millisecond
  • 24/7 uninterrupted connection
  • Infrastructure located in prime financial hubs
  • 24/7 Technical Support through multiple channels
  • Free VPS Windows OS license
  • Discounted monthly VPS pricing for Brokers
  • Cost-effective solutions

For a full breakdown on their Forex VPS service you can visit NetShop’s website.

If you would like to book a meeting at the iFX EXPO with a NetShop representative, you can visit their website here.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/thought-leadership/netshop-isp-announce-their-attendance-to-the-ifx-expo-in-dubai/

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